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with us to find out who it is. wall street is obsessed. washington stocks fell for the second straight day. >> they will place higher and higher taxes on small businesses and family farms and on every working family so that government may once again grow at the people's expense. >> that was the famous line from president reagan in 1984 and really nothing has changed. we put together some numbers for you. for 2012, it is going to come in at $3.7 trillion. at 11:00 am eastern time tomorrow, cnbc is going to show it live. president obama is heading back out on the road to sell his fiscal solution. meanwhile, not everybody is happy with his barnstorming. sitting down and working out an agreement, he is back on the campaign trail presumably with the same old talking points. what we don't know is if he can lead his party to a bipartisan agreement on bis issues like we currently face. to explain these mysterious incantations, we are pleased to welcome back senator toomey. there is about a month to go. how is this going to end? help us out. >> i sure wish i knew. i think the opportunity is still t
that and really concentrate the mind of these dopes in washington. >> wasn't it bob ruben who said during the clinton years -- or james carville -- the same thing. look what happened, clinton cut the rate and you had a huge rally in stocks and bonds. the stork market may do the same thing here. >> if you want to root for a bullish stock market, maybe in the short term, let's get a deal going and then do tax reform and entitlement reform. meantime, i think stocks are warping these guys you're going to put us on the precipice of a recession, and that's bad for earnings and stocks. >> the fed has done the same thing. they've come out in recent weeks and said instead of just buying $45 billion of bonds every month, we may have to double that and extend it out further. >> richard fisher of the dallas fed told me last night they don't do that. actually, that's not fair. he said in his opinion they shouldn't do that. we don't know, you might right. mike of "forbes," thank you very much. >>> this is truly the video of the day. the israelis get their man. the military head of hamas taken down with
question that i'm hearing from washington all the time. so let's talk. we have cnbc contributor jack bernstein, former chief economist, and art laffer, former reagan adviser. i'm not attacking obama or anything. i'm just saying there is a lot of talk of stalemate. well perhaps go through where, why and how. staffs have been meeting unsuccessfully. some people are saying, art, that the scenario is going to be that president finally throws up his hands and says there is no deal, we're going to have a stalemate and we will tall off the fiscal cliff into recession and then he will blame the republicans. what's your take? >> i think he's going to blame the republicans, larry, for sure. and i think in the republican's interest to delay it as long as possible and make the republicans look as uncooperative as possible. but we will fall off the cliff anyway, larry. and i think we will have a very bad year in 2013, even if they do extend all of the tax cuts. i think we have a real bad scenario coming forward. >> jared bernstein, what do you think that the president might go off the cliff. okay
Search Results 0 to 2 of about 3